Examlex
The term "inner parent" refers to the
Increasing Cost Industry
An industry in which costs per unit of output rise as the scale of production increases, often due to resource limitations or increasing input prices.
Factor Prices
The cost of inputs used in production, such as labor, land, and capital, which are influenced by supply and demand for these factors.
Market Supply Curve
A graphical representation showing the relationship between the price of a good or service and the total quantity of it that producers are willing to supply.
Textile Industry
This industry involves the production and distribution of fabrics and cloth products, ranging from raw materials processing to the creation of finished goods.
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